Property profile

1603 James Ave 5 Waco, TX 76706

OFF-MARKET
Commercial real estate
Property ID
US83-1395740
3,620 SF 1.01 ac lot Built 2020
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2020
Construction STEEL FRAME
Total area 3,620 SF
Lot 1.01 ac (43,821 SF)
APN 480029000303000
UPID US83-1395740

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1603 James Ave, Unit 5 Waco, TX 76706-2005
Waco metro Census 402 WACO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
$715k
Comparable Approach Comparable
$600k
Blend (final) Blend
$420k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $600,000 +53.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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